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Many companies and investors say they try to “do well by doing good”

Research shows that activist campaigns tank financial performance over a five-year period — meaning both shareholders and stakeholders ultimately suffer, writes the Financial Times. 

The study, conducted by researchers at Pennsylvania State University’s Smeal College of Business and HEC Paris found that while there was an initial 7.7 per cent uptick in the value of companies within the first 12 months of being targeted, value steadily declined, dropping by 4.9 per cent four years later and continuing on a downwards trajectory after that.